Cash for Clunkers Deadline Set

By: Associated Press
By: Associated Press
Popular car trade-in program will end Monday.

An old car dropped in an industrial trash bin advertising the Cash for Clunkers program at Battlefield Ford in Culpeper, Virginia, August 1, 2009. REUTERS/Jonathan Ernst

The Obama administration plans to end the popular $3 billion Cash for Clunkers program on Monday at 8 p.m EDT, The Associated Press has learned.

Two congressional officials familiar with the plan say the Transportation Department will wind down the program that offers car buyers rebates of $3,500 or $4,500 for trading in older vehicles for new, more fuel-efficient models. The officials spoke on condition of anonymity because they were not authorized to speak publicly about the plan.

The Obama administration was set to announce details on Thursday.

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  • by Wilford Location: Blackman Twp. on Aug 23, 2009 at 05:48 PM
    Mike, to answer your final question about what will happen to the USA, the answer is that it will wear a huge badge that reads "Made In China."
  • by mike Location: mich on Aug 21, 2009 at 05:02 AM
    What happens after this offer?Do auto companies bring prices down so more can buy?Or do they go back to almost no sales?Many have lost jobs in the auto bussiness or related auto bussiness.So many will never be called back to their jobs.Finding any job is hard.So many jobs are overseas and we buy over 45 % of stuff from them.So much is NOT made in the USA anymore.A lot of bussiness continue to loose sales.What will be their fate?Worse yet what is going to happen to the USA?
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